Cape Verde
Cape Verde's emerging overseas property and cape verde real estate market offers property investers and buyers, the opportunity to benefit from large capital growth and rental return due to the Cape Verde government investing immensely in a solid infrastructure and improving the tourism facilities to compete with the likes of the main Canary Island countries.
Cape Verde offers the UK the equivalent of the Caribbean in half the travel time into the Island of Sal. With the same latitude as Barbados, one hour time difference to the UK, around a 5 hour flight from the UK and with direct flights costing from as little as £250, Cape Verde is not just a holiday option but a healthy overseas property and cape verde real estate investment or that place for retirement in the sun.
With four islands being the main focuses for tourism, the government is investing in facilities that will cater for all ages and backgrounds such as Championship Golf Courses and all types of Water Sport facilities, thus making the rental yield potentially very appealing to investors with a 12 Month rental window.
With many tax incentives to non-residents and plans to join The World Trade Organisation, Cape Verde has the potential to repeat the success of the Spanish and French property markets.
Why Invest In Overseas Property & Cape Verde Real Estate
- Cape Verde has a 365 day a year rental season.
- Prices that are simply unobtainable in most other locations.
- Purchase beautiful beach front property.
- Quality property in a prime location.
- Low cost of living.
- New International Airport.
- Very strong public and private investment.
- Beautiful beaches, exotic Tropical plantations and breathtaking mountains.
- Islands are enjoying the advent of a huge tourist boom.
- Political Stability.
- Picturesque environment.
- Hopeful that the country could join the World Trade Organization (WTO) in 2007.
- Direct flights from more UK airports are expected by spring 2007.
- Experts predict an increase in property value of up to 70 per cent over the next two years.
- Strong possibility of inclusion in the European Union.
- Early stage of development in Cape Verde, ideal time to invest for cheap properties.
Key Facts
Capital: Praia
Money: Cape Verdan Escudo
Language: Portuguese
Flight time from UK: 5-6hrs
2006 Property Growth: 20%
Potential Rental Yields: 13-15%
